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Claim: Trump’s executive orders on Covid-19 economic relief are illegal. Fact check: Mixed

On Saturday, President Trump signed three memorandums and one executive order that are designed to help Americans dealing with the economic downturn as a result of the coronavirus lock-down. The three memorandums address student loan payment relief, deferring payroll tax obligations, and using emergency funds to provide economic relief to states and people who are unemployed. The executive order deals with rent relief. The legality of the memorandum on the use of emergency funds for relief has been questioned, and may be on shakier legal ground compared to the other measures. The three other actions may fall within the president's purview because the president has the authority to delay student loan payments and defer taxes in times of disaster, and the order on rent relief is less sweeping than some initially thought.

The order on rent relief states: "Secretary of Health and Human Services and the Director of CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19." The memorandum also states that the heads of other agencies should identify funds to be used to help renters and should try to help renters avoid eviction. It does not state exactly what actions or funds are to be used, and it doesn't impose strict requirements on these agencies to take a specific action.


Trump may not have the authority to create enhanced unemployment programs because the Stafford Disaster Relief Act allows the president to give unemployment aid only to those not eligible for other unemployment benefits, and it does not allow the amount given to unemployed people to exceed the normal amount of unemployment benefits given to them by the state.

In the memorandums on student loans and tax deferment, Trump referenced specific laws that allow the president to delay or defer payments in times of disaster or economic hardship. The president can delay student loans for up to three years for people who experience economic hardship. Additionally, the president can defer collection of federal taxes during a disaster.

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A close up of American coins.

Congress is considering a bipartisan bill to mint a new $2.50 coin for America’s 250th anniversary, reviving a historic 1926 design and separate from the debated Trump coin.

Getty Images, Taalulla
A close up of American coins.

Congress is considering a bipartisan bill to mint a new $2.50 coin for America’s 250th anniversary, reviving a historic 1926 design and separate from the debated Trump coin.

Getty Images, Taalulla
Trump's Deregulation Lure: A Wage Squeeze for the Global South
person using black laptop computer
Photo by Kanchanara on Unsplash

Trump's Deregulation Lure: A Wage Squeeze for the Global South

When Colm Kelleher, chairman of UBS, sat down with Scott Bessent in recent months to discuss uprooting the bank's headquarters from Zurich to New York, it was more than corporate maneuvering. It was a signal flare for the financial world under Donald Trump's second term. Bessent promised a regulatory bonfire that could slash compliance costs and open the floodgates for American finance. The reported talks underscore a broader shift: the United States is apparently positioning itself as the unassailable hub of global capital, drawing in institutions like UBS with tax breaks and lighter oversight. Yet this allure comes at a steep price for emerging markets, where wage growth is already fragile. What looks like a boom for American workers masks a quiet trap, one that could deepen the divide between rich nations and the rest.

Bessent's vision, laid out in private conversations and public hints, paints a picture of American exceptionalism reborn. He has warned of a "perfect storm" of inherited inflation and supply disruptions from the Biden years, now to be tamed by aggressive deregulation and targeted tariffs. In one recent interview, he blamed soaring beef prices on a mix of migrant-driven cattle issues and lingering policy failures, framing Trump's agenda as the corrective force. The rhetoric is folksy, but the policy is sharp: roll back rules that hobble banks, lure foreign firms stateside, and shield domestic industries with import duties. UBS's flirtation with relocation fits neatly here. Across the Atlantic, Trump offers relief: no more endless stress tests, faster mergers, and a friendlier tax code. If UBS moves, it could save hundreds of millions annually in regulatory overhead, funneling those gains into higher bonuses for its New York traders.

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​Secretary of Defense Pete Hegseth.

Secretary of Defense Pete Hegseth speaks to senior military leaders in Quantico, Va., on Sept. 30, 2025.

The Military’s Diversity Rises out of Recruitment Targets, Not Any ‘Woke’ Goals

For over a hundred years, Nov. 11 – Veterans Day – has been a day to celebrate and recognize the sacrifice and service of America’s military veterans.

This Veterans Day, as always, calls for celebration of the service and sacrifice of America’s troops. But it also provides an opportunity for the public to learn at a deeper level about America’s troops and who they are.

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